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Gold/Mining/Energy : Gold Price Monitor
GDXJ 100.15+0.3%Nov 25 4:00 PM EST

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To: Zardoz who wrote (87633)7/3/2002 11:18:37 AM
From: goldsheet  Read Replies (2) of 116765
 
Indians cash in on gold price surge

In India, the world's largest consumer of gold, imports of the precious metal have taken a beating following the recent spurt in international gold prices.

Perhaps for the first time in several decades, Indians are actually queuing up outside jewellery showrooms - not to buy new jewellery but to sell old ornaments.

According to Mr Sonawala, Indians have been selling about 15-20 tonnes of gold every month for the last three to four months.

FULL STORY: news.bbc.co.uk
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